Thu, Mar 13 2014, 4:30 PM
Mortgage rates moved significantly lower today after Secretary of State Kerry warned of repercussions for events in Ukraine. Crimea is set to hold...
Thu, Mar 13 2014, 4:26 PM
Very little was happening before 11:11am today. Overnight markets were calm and sideways. Treasuries and MBS began the day in unchanged territory. ...
Wed, Mar 12 2014, 12:58 PM
2013 was a "strong year"
for both commercial and multi-family debt holdings the Mortgage Bankers
Association (MBA) said today and the fourth quarter...
Wed, Mar 12 2014, 11:49 AM
The overnight session was moderately strong for Treasuries, helped along by slumping stocks in Asia and rallying bond markets in Europe. We have seen...
Wed, Mar 12 2014, 10:37 AM
Problems can be created by differences in education,
nationality, or age. For example, the ICBA reports 90% of community
bankers say their averag...
Wed, Mar 12 2014, 8:53 AM
The strong uptick in mortgage applications during the week ended February
28 faded quickly and the Mortgage Bankers Association (MBA) said today th...
Wed, Mar 12 2014, 8:00 AM
Until something new and different happens today to inspire some volatility in bond markets, yesterday continues to be the most interesting event. The...
Wed, Mar 12 2014, 4:25 PM
Today was a good day for both MBS and Treasuries. Not only that, but it was good right from the start (courtesy of a positive overnight session) an...
Wed, Mar 12 2014, 3:36 PM
Mortgage rates moved lower at their best pace of the week today,
undoing the damage from last Friday's Employment Situation report, and
about a ...
Wed, Mar 12 2014, 1:23 PM
In an article that appeared recently
in CoreLogic's blog, Popping the Housing
Bubbly Theory, CoreLogic's Chief Economist Dr. Mark Fleming presents...
Tue, Mar 11 2014, 12:07 PM
The day began with bond markets moving relentlessly sideways, and against the backdrop of Friday's post-NFP move, they still are. In other words, MBS...
Tue, Mar 11 2014, 10:57 AM
Reuters and Bloomberg are reporting that the Chair
and the Ranking Member of the Senate Banking Committee have agreed on the
outline of a plan to w...
Tue, Mar 11 2014, 10:10 AM
Investors slightly expanded their loan offerings
and switched to longer-term products in response to new mortgage regulations
the Mortgage Bankers A...
Tue, Mar 11 2014, 9:57 AM
I
will go on the record as saying that I have never earned $63.9 million
doing anything - certainly not for selling my bone marrow back in
col...
Tue, Mar 11 2014, 8:00 AM
Considering the lack of actionable news and events during the first half of the week, bond market participants can either turn their attention to wha...
Tue, Mar 11 2014, 3:41 PM
Today is one of those days where Treasury movements definitely do not tell the story for MBS. Today's Senate headlines on the upcoming Fannie/Freddie...
Tue, Mar 11 2014, 3:05 PM
Mortgage rates continued holding mostly sideways today ,
though there were enough lenders in slightly better shape to make for a
small improvem...
Tue, Mar 11 2014, 1:21 PM
Relatively speaking, one might say that the distressed housing market in
California has virtually evaporated . The
California Association of Realt...
Mon, Mar 10 2014, 11:55 AM
Domestic market movers have been in limited supply so far today. Bond markets have paid some attention to tradeflows surrounding big corporate deals...
Mon, Mar 10 2014, 11:24 AM
Americans
expectations regarding home prices ticked up decisively in February, both in
terms of anticipating continued price increases and in the si...
Mon, Mar 10 2014, 11:07 AM
The February edition of the Obama
Administrations Housing Scorecard was released late Friday by the Departments
of Treasury and Housing and Urban De...
Mon, Mar 10 2014, 10:21 AM
Every lender & servicer, and therefore borrower, is influenced by the price of servicing .
And in recent months we have all seen large blocks of se...
Mon, Mar 10 2014, 8:00 AM
After moving through the worst week of losses since mid-August, bond markets are left to consider whether it's time fully abandon February's weather...
Mon, Mar 10 2014, 4:45 PM
As far as Mondays after NFP Fridays go, today could have been worse. On occasion, these Mondays can serve to perpetuate a new trend set in motion aft...
Mon, Mar 10 2014, 3:35 PM
Mortgage rates leveled-off today ,
after rising to 2-month highs after last Friday's Employment Situation
('Jobs Report'). Today's rates were ju...
Fri, Mar 7 2014, 12:49 PM
Not only was this morning's employment data stronger than expected, but it would probably have been even stronger if not for the weather effect. As ...
Fri, Mar 7 2014, 10:46 AM
Dave T. writes, "Rob, I have noticed that the originators attending classes or local association meetings are older, and mostly men over 50 years old...
Fri, Mar 7 2014, 10:07 AM
This morning's Employment Situation Report was stronger than
expected. By historical standards, the "beat" isn't especially large
(175k vs 149k...
Fri, Mar 7 2014, 7:45 AM
The boring scenario for today would be for the all-important Employment Situation Report to show payroll creation lagging recent averages, coming in a...
Fri, Mar 7 2014, 4:41 PM
Mortgage rates rose sharply for
the third time this week, bringing them to levels not seen since
January 15th. Today's move followed a stronger...
Fri, Mar 7 2014, 4:26 PM
8:30-8:32... These were the only two minutes of the day where anything interesting was happening for bond markets. It wasn't the good kind of 'int...
Thu, Mar 6 2014, 12:27 PM
An additional 4 million homes regained positive equity in 2013
CoreLogic said today, leaving 6.5 million homes still underwater; about half
the numb...
Thu, Mar 6 2014, 11:57 AM
MBS are now at the best levels since before this morning's economic data. Before that, Treasuries were slightly weaker overnight, resulting in open...
Thu, Mar 6 2014, 11:33 AM
According to Gallup's 2013 annual Economy and Personal Finance
survey, the average retirement age has crept up by four years over the
past two dec...
Thu, Mar 6 2014, 11:01 AM
The venerable Freddie Mac Primary Mortgage Market Survey
(PMMS™) is a cornerstone of mortgage rate data. It is both
longstanding and highly acc...
Thu, Mar 6 2014, 8:00 AM
A quick recap of the year so far...
January kicked off with bond markets holding their ground at the weakest levels in more than two years.
...
Thu, Mar 6 2014, 4:39 PM
Mortgage rates moved quickly higher today ,
in the context of their recent range. That is to say, today's "sharp"
movement is nothing compared t...
Thu, Mar 6 2014, 4:32 PM
Bond markets were slightly weaker overnight as Geopolitical risk surround Ukraine continued to unwind. There wasn't much by way of new developments...
Thu, Mar 6 2014, 1:54 PM
Metropolitan areas considered leading
markets on the National Association of Home Builders (NAHB)/First American index
of that name increased to 5...
Wed, Mar 5 2014, 12:12 PM
Even though they stated in a news
release two weeks ago that institutional investment was waning, RealtyTrac has
released a report on its impact on ...
Wed, Mar 5 2014, 11:48 AM
MBS and Treasuries are both in slightly positive territory, and that's saying something considering the apparent challenge involved in getting here. ...
Wed, Mar 5 2014, 8:45 AM
The volume of
mortgage applications increased during the week ended February 28 for the first
time since late January. This good news was
muted ...
Wed, Mar 5 2014, 7:45 AM
"As with any geopolitical situation affecting markets, we'll only know the corner has been turned in hindsight. Until then, it's a wild card that's ...
Wed, Mar 5 2014, 5:04 PM
When
I was on a pipeline hedging trading desk, we were often expected to
have a crystal ball about where the market was going . None of us
had ...
Wed, Mar 5 2014, 4:07 PM
Mortgage rates held steady today,
on average, though some lenders are still in slightly worse shape.
Weakness in the markets that affect mortga...
Wed, Mar 5 2014, 3:55 PM
The overnight session ushered trading levels into just slightly weaker territory in the first part of the domestic session. In other words, this morn...
Tue, Mar 4 2014, 12:41 PM
Ukraine-related headlines sent moderate shockwaves through markets overnight, pushing Treasury yields higher by the open. Since then, the negative mo...
Tue, Mar 4 2014, 12:04 PM
Home
prices, including sales of distressed homes, increased nationally by 12 percent
in the 12 months ended in January CoreLogic said today. This w...
Tue, Mar 4 2014, 11:42 AM
Mortgage
originations in January were at the lowest level in 6 years 2008 Black Knight
Financial Services said today and data on prepayment speeds a...
Tue, Mar 4 2014, 10:54 AM
I
am hearing that lock desk activity is picking up, which is nice to see.
New apps mean running credit, and just in time for changing your clocks
...
